News 1+1丨How can I repay the loan if I don't go to work during the epidemic?
Can I defer my mortgage payment if I have no income due to the epidemic?
At present, this round of epidemic has spread to many parts of the country, and it lasted for a long time. Affected by the epidemic, especially some residents in closed and controlled areas, there may even be a situation of "disconnection" for a period of time, and the pressure on mortgage loans will also follow. , how to help this group to tide over the difficulties?
What details are involved in the response of multiple banks to the problem of not being able to repay their mortgages on time during the epidemic?
How should we view the "repayment buffer period"?
Bai Yansong connected with Zhu Ning, Deputy Dean of Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University, and shared concerns: How can I repay the loan if I don't go to work during the epidemic?
Is it feasible to postpone mortgage repayments due to the epidemic?
Can I defer my mortgage payment if I have no income due to the epidemic?
Recently, Mr. Zhang, from Jingyuan County, Baiyin City, Gansu Province, posted a help message on the media "War Epidemic Service Platform", saying that because of the epidemic lockdown, he was unable to go out and had no income, housing loan, car loan. , unable to repay, I hope the media can help contact the local government and banks to negotiate a delay in repayment.
At present, has Mr. Zhang's wish come true?
Can "the impact of the epidemic to delay mortgage repayment" become a consensus?
How many people apply for deferral of mortgage repayments? How do you view your needs?
According to media reports, as of the end of March this year, CCB has provided a total of about 1 million super households with delayed repayment services.
How do you view such data and needs?
Zhu Ning, Deputy Dean of Shanghai Advanced Institute of Finance, Shanghai Jiaotong University: Although the number of 1 million households sounds huge, we must realize that there should be hundreds of millions of different borrowers with mortgage balances across the country, 1 million households Just a 1% sample size.
On the one hand, we have done a lot of work to support or support these resident families and get through the difficult time, but we must see that there are more residents who have not received corresponding attention.
It is also possible to further rescue and bail out financial institutions to help them alleviate the recent outbreak of the epidemic and the restrictions on their income levels and financial capabilities.
At this stage of the epidemic, is there any pressure on the banking industry?
Zhu Ning, Deputy Dean of Shanghai Advanced Institute of Finance, Shanghai Jiaotong University: We must realize that the banking industry is still facing a lot of pressure.
During this period, the entire Federal Reserve, that is, the central bank of the United States, is in a cycle of rapid interest rate hikes. This interest rate hike cycle will also form certain constraints on the monetary stimulus or easing of the People's Bank of China, which will affect the entire bank. The source of capital and capital cost of the industry have formed constraints, and it is impossible to obtain a large amount of financial support as easily as in the past.
In addition, recently, under the environment of housing and housing, housing prices have been loosened to a certain extent in many cities.
Since the entire global capital market has faced certain impacts during this period, we will find that the banking industry is also under certain pressure in this regard, including pressures from supervision, asset stability, liquidity and other aspects. Therefore, banks have not achieved what they want. To help homebuyers, to the extent that you can help.
To formulate a deferred repayment policy, each bank also needs to seek truth from facts and adjust measures according to local conditions
Zhu Ning, Deputy Dean of Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University: What I value more is whether the policy is realistic and appropriate to local conditions.
We hope that these policies can help the real economy and help those households with repayment difficulties to tide over the difficult period.
But on the other hand, among the state-owned banks we are talking about, the situation of each bank is different, and the operating conditions of each region are also different. We must realize that the entire Chinese banking industry is also experiencing A relatively profound transformation and change, so different banks will have different asset quality, different business strategies, but also face different own restrictions and regulatory requirements.
Finance is a relatively scientific and professional field, and we must respect the assessment of the bank's own situation by professionals in the field to make corresponding strategic adjustments.
How to better help people who are "difficult to repay" mortgage loans affected by the epidemic?
This year is the third year of epidemic prevention and control. The repayment deadlines issued by various banks can be extended up to half a year. If some people who have temporarily lost their sources of income due to the epidemic, go to work and have the ability to repay It may take a while, how can we help them better?
Zhu Ning, Deputy Dean of Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University: I think there are two potential ways.
In fact, there is also some experience abroad. In this case, the entire mortgage agreement for the purchase of a house can be rearranged, such as giving a longer extension, and delaying the entire repayment cycle for a period of time. I think this is a financial A way that institutions can think about.
But there may be a more important point. In addition to training and help in re-employment, it is necessary to encourage individuals or entire resident families to have a stronger ability to respond to emergencies and increase their income stability and resilience.
I think this may be more macro and more important, a major issue in the process of our economic adjustment and economic transformation.
Due to the epidemic, the loan repayment is postponed, and the applicant should also be protected by credit investigation
Zhu Ning, Deputy Dean of Shanghai Advanced Institute of Finance, Shanghai Jiaotong University: For the repayment party, there is no income for the time being, and there will definitely be pressure if the repayment cannot be made in time. .
But I think for homebuyers, personal credit record may be a more important stress factor in the long run.
Everyone knows that if you cannot repay in time, you may be listed on the list of dishonest persons. If you apply for delayed repayment this time and become listed on the list of dishonest persons, your social life and even daily life will be affected in the future. For example, high consumption, such as Said to take the high-speed rail or plane.
Therefore, I think this is particularly critical. Whether it is the entire credit reporting system of the People's Bank of China, as well as our relevant policies and government agencies, we should work together to ensure that repayments cannot be repaid in time due to the impact of the epidemic. Repayment will not be included in this list of dishonest persons or in this system.
How to prevent fraudsters from taking advantage of delays in repaying the mortgage?
Zhu Ning, Deputy Dean of Shanghai Advanced Institute of Finance, Shanghai Jiaotong University: There is a very difficult problem in the financial industry, that is "information asymmetry".
Banks are not entirely sure whether any individual who comes to apply for a deferral is telling the truth or a lie.
But I think there may be several mechanisms that can improve the accuracy or fairness of qualification verification as much as possible.
①Our financial institutions must work hard to be able to identify more accurately through their own sub-branch, their understanding of their customers, and their familiarity with the local economic situation.
②Through some updated means, such as big data, such as data industry analysis, evaluating the operation status of enterprises or businesses, and obtaining some additional information outside the banking system can help us make a more accurate judgment and evaluation.
③ From the perspective of government and justice, we should add the price paid to those who forge or make false statements.
If someone declares false information in such a major matter, they may have to bear a relatively serious economic or even legal responsibility afterwards.
What should I do if the car loan and credit card repayment difficulties are affected by the epidemic?
Zhu Ning, Deputy Dean of Shanghai Advanced Institute of Finance, Shanghai Jiaotong University: Whether it is car loan or credit card repayment, or a resident family borrowing through a third party, it is generally under the concept of "consumer loan", and these are often residents Households carry out some borrowing activities without credit collateral.
In the stable period, the main purpose is to be able to encourage and stimulate further consumption of our households.
However, we have seen that in the past period of time, many families may have used this kind of funds for short-term turnover and to help repay loans.
So in this sense, I think the bailout of consumer loans and the importance of allowing deferred payments are no less important than mortgage deferrals or repayments.
We must see that consumption is very important to the entire Chinese macro economy, and many of our households have already faced great pressure in this regard due to the impact and impact of the epidemic.
It is also very urgent and important to help households to ease these consumption-related loan payments.
Of course, there may be a more important and sensitive topic in this field, that is, the situation of information asymmetry in the field of consumer loans will be more serious. Therefore, in the operation of the entire support policy, financial institutions must also be more conscientious and more Strive to effectively separate in-demand applications from false applications.